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RI People & Appointments, Aug. 14: Ex-US Treasury Deputy Secretary joins impact investing firm

The latest ESG movers and shakers

Sarah Bloom Raskin, formerly Deputy Secretary of the US Treasury and member of the Board of Governors of the Federal Reserve, has joined the board at i(x) investments, an impact investment firm founded in 2015. “I am very excited about joining the board of i(x), a company that is devoted to unleashing the force of capital markets to make sure that social, economic, and environmental progress will be the baseline return on our investments,” said Raskin. She was the highest-ranking woman in the Treasury’s history and was in post from 2014-2017, having been nominated by Barack Obama. She was at the Fed from 2010–2014.

Evelyn Hartwick, the IFC’s head of sustainable bonds, will move to the Asian Infrastructure Investment Bank (AIIB) in November. Hartwick, a Senior Finance Officer at the IFC’s Treasury, is best known for her work developing the IFC’s green bond programme. She moved to IFC’s London office in 2015, from Washington. According to a statement from Soren Elbech, Treasurer of the AIIB, Hartwick will move to Beijing in coming months and will “focus on the creation of flexible financing products as well as support for local currency treasury operations”. The AIIB is a development bank launched officially last year with the tagline “Lean, Clean and Green”. It has recently secured AAA ratings from the big three ratings agencies.

Claus Jørgensen is joining DKK105bn (€14.1bn) Danish labour market pension fund PenSam as chief investment officer. He joins from competitor PKA, where he is deputy executive director and head of equities. He starts his new role on October 1. Announcement (Danish)

Sonia Medina has joined the board of the CDP, according to a filing at Companies House. She is Executive Director, Climate Change at the Children’s Investment Fund Foundation (CIFF), which is a donor to the environmental data body. Prior to CIFF, Medina had stints at carbon offsets group EcoSecurities and the UN Environment Program. She takes over from CIFF’s CEO Kate Hampton on the CDP board. CIFF was established in January 2004 by hedge fund executive Chris Hohn and his then wife Jamie Cooper.

Hardik Sanjay Shah has left Sustainalytics to join GMO, the $77bn fund firm co-founded by Jeremy Grantham, as ESG Practice Manager — according to a posting on his LinkedIn account. He was most recently Manager, Australasia Research at Sustainalytics and emails to his account (“I am no longer with Sustainalytics”) are forwarded to Loic Dujardin, Director, Asia-Pacific Research. A Sustainalytics spokesperson declined to comment.

Danny Truell is to become Emeritus Partner of Wellcome Investments. Formerly CIO of the charitable trust’s investment division and more recently managing partner, Truell will step aside for health reasons and take the new non-executive role from October 1. Nick Moakes and Peter Pereira Gray become CIO and CEO, Investments respectively. Since Truell became CIO in 2005, the endowment has grown from £12.3bn to £20.9bn.

Luke Konynenburg has been appointed CEO at Australian environmental certificate firm Green Energy Trading. Currently general manager, he takes over from Ric Brazzale, who becomes chairman.Kristen Le Mesurier has been named as portfolio manager of Australian fund manager AMP Capital’s Responsible Investment Leaders (RIL) funds, according to reports. She joined AMP Capital in 2015 as a senior analyst, ESG Investment Research. Before joining the firm she was an associate director, financials with Asia Pacific Prudential Securities and a senior analyst, corporate governance with Ownership Matters. She was also an insurance litigator with Piper Alderman and a business journalist at Fairfax.

Nigel Topping, the former CDP Executive Director who is CEO of We Mean Business group, has joined the trustee board of the London Pensions Fund Authority (LPFA). Topping also serves on the Energy Transitions Commission and the board of the Grantham Institute. Also joining the board is Dr. Barbara Weber, founding partner of B Capital Partners, an institutional investment adviser focused on infrastructure and clean energy. “At a time of unprecedented upheaval and volatility in the pensions and investment landscape, this further strengthening of our board, particularly in the critical areas of infrastructure and sustainable investment, significantly enhances our ability to address the challenges ahead,” said LPFA Chairman Sir Merrick Cockell.

Peter Wey, Global Sustainability at Nasdaq, would appear to be leaving the exchange group. “My time at Nasdaq will be over shortly and I’m looking for new opportunities in the sustainability and capital markets spaces,” he writes on his LinkedIn page. “Please feel free to let me know of any related opportunities.” Before joining Nasdq last year he was communications coordinator with the UN Sustainable Stock Exchanges Initiative.

Fr. Michael Crosby, the Capuchin friar among the pioneers of corporate social responsibility, has reportedly died aged 77 of cancer. This February, according to the National Catholic Review, he withdrew a resolution seeking a climate expert nominated to ExxonMobil’s board of directors after the company appointed climate scientist Susan Avery to the board.

S&P Global Ratings has appointed Mar Beltran as Senior Director, Infrastructure Sector Lead, Infrastructure Ratings. Beltran, who will be based in Madrid, joins from Australia-based Global Infrastructure Hub where, on behalf of the G20, she led policy work to identify priority reforms in infrastructure markets.
Liontrust Asset Management, the UK fund manager which late last year bought RI specialist Alliance Trust Investments in a £30m deal, has hired fixed income duo David Roberts and Phil Milburn from rival Kames Capital.

The Roddenberry Foundation, set up in 2010 by the son of Star Trek creator Gene Roddenberry, has launched a fellowship to help make the US “a more equitable and inclusive place to live”. It says: “Become one of 20 Fellows who will be selected for 2018 to receive a $50,000 grant to help support a project or initiative in one of four areas: Civil rights; Climate change and environmental justice; Immigration and refugee rights; LGBTQIA and women’s rights.”